Marqeta, Inc. · NASDAQ:MQ
Marqeta — Q2 2025 Earnings Presentation
10 slides from Marqeta's earnings presentation, Aug 6, 2025
Slide 1: Marqeta Earnings Supplement
Marqeta Earnings Supplement August 6, 2025 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement This earnings supplement contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements expressed or implied in this presentation include, but are not limited to, state
Slide 3: Quarterly Total Processing Volume (TPV)
Quarterly Total Processing Volume (TPV) $91B $84B $80B 29% $74B $71B Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 TPV (in billions) 3 Marqeta Earnings Supplement
Slide 4: Quarterly Net Revenue
Quarterly Net Revenue $150M $136M $139M $128M 20% $125M Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Net Revenue (in millions) 4 Marqeta Earnings Supplement
Slide 5: Quarterly Gross Profit and Gross Profit Margin
Quarterly Gross Profit and Gross Profit Margin $104M $98M $99M 31%1 $90M $79M 70% 72% 71% 69% 63% Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Gross Profit (in millions) Gross Profit Margin (%) 1 Marqeta Earnings Supplement 5 The increase was partly driven by a revised accounting policy for estimating and rec
Slide 6: Quarterly Adjusted Operating Expenses
Quarterly Adjusted Operating Expenses 1 $86M $81M $81M $79M (7%) $76M Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Adjusted operating expenses (in millions) 1 See “Information regarding Non-GAAP Measures” for definition of Adjusted Operating Expenses as well as 6 Marqeta Earnings Supplement “Reconciliation of
Slide 7: Quarterly Adjusted EBITDA and Adjusted EBITDA Margin
Quarterly Adjusted EBITDA and Adjusted EBITDA Margin 1 $29M $20M $13M $9M ($2M) Adjusted EBITDA Margin (1%) 7% 9% 14% 19% Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Adjusted EBITDA (in millions) 1 Marqeta Earnings Supplement 7 See “Information regarding Non-GAAP Measures” for definition of Adjusted EBITDA a
Slide 8: Information Regarding Non-GAAP Measures
Information Regarding Non-GAAP Measures In addition to the financial measures prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), this earnings supplement contains certain non-GAAP financial measures. Marqeta considers Adjusted EBITDA, Adjusted EBITDA
Slide 9: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures June 30, September 30, December 31, March 31, June 30, (dollars in thousands) 2024 2024 2024 2025 2025 Net revenue $ 125,270 $ 127,967 $ 135,790 $ 139,073 $ 150,392 Gross profit $ 79,353 $ 90,132 $ 98,202 $ 98,679 $ 104,061 Net income (loss) $ 119,108 $ (2
Slide 10: Q3 and 2025 Financial Guidance
Q3 and 2025 Financial Guidance Third Quarter Fiscal Year 2025 2025 Net Revenue Growth 15 - 17% 17 - 18% Gross Profit Growth 15 - 17% 18 - 19% Adj. EBITDA Margin 1 12 - 13% 14 - 15% 1 See “Information regarding Non-GAAP Measures“ for definition of Adjusted EBITDA Margin as well as information 10 rega